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How much more can JP Morgan take before they shake it up?
Posted on 8/19/13 at 4:20 pm
Posted on 8/19/13 at 4:20 pm
Is Dimon untouchable? How long before investors tire of the bad press?
5
Posted on 8/19/13 at 4:25 pm to southernelite
Que?
Posted on 8/19/13 at 4:26 pm to southernelite
SEC investigation for hiring practices in China cannot be what your talking about
Posted on 8/19/13 at 4:28 pm to Mr.Perfect
7th ongoing DOJ investigation.
Posted on 8/19/13 at 4:49 pm to southernelite
quote:
Is Dimon untouchable? How long before investors tire of the bad press?
They are making money hand over fist, as long as that trend continues, he's not going anywhere.
Posted on 8/19/13 at 5:09 pm to Vols&Shaft83
Bought today for this reason. If it continues to move downward will buy more. About 8.5% off its 52wk high as of now, so I think there's money to be made here.
Posted on 8/19/13 at 5:42 pm to southernelite
quote:
Is Dimon untouchable?
In the realm of big bank CEOs he is the most untouchable. Nobody understands broad risk management at banks like him, however he's not the most untouchable because of that.
He's the most untouchable because these are his competitors:
- Moynihan (Mr. Mumbles)
- Corbat (I swear I'll be better than the CEOs for the last 30 years)
- Jenkins (I swear I had no idea about LIBOR)
- Gulliver (Why are we in the US again?)
- Gorman (I don't even have a date of birth on my Wikipedia page)
The only one on par with him is Blankfein, but he's gotten probably 5x as much bad press as Dimon (God's work and stuff).
Posted on 8/19/13 at 8:06 pm to BennyAndTheInkJets
I'd say Stumpf is in the same league, in a different kind of way. Clearly behind Dimon, but still up there. The guy just goes about quietly making $15MM/yr running the biggest mkt cap. bank in the country.
This post was edited on 8/19/13 at 8:15 pm
Posted on 8/19/13 at 9:21 pm to southernelite
JMO, but I think this is all political.
Probably a lot going on behind the scenes.
It would be a huge mistake to try and pressure Dimon. He is one of the best bankers in the world.
Our institutions are what separates us from the ROW. Chipping away at them does us no favors.
Probably a lot going on behind the scenes.
It would be a huge mistake to try and pressure Dimon. He is one of the best bankers in the world.
Our institutions are what separates us from the ROW. Chipping away at them does us no favors.
Posted on 8/20/13 at 9:06 am to Blakely Bimbo
quote:
Stumpf
Great CEO and chairman, but technically he's a fairly new too, although he's a huge reason Wells has so much mortgage origination business. I hope my post was taken tongue and cheek, all of those on that list are very good at understanding risk management. Dimon is just on another level.
quote:
JMO, but I think this is all political.
Absolutely, every power struggle is political in some nature.
quote:
It would be a huge mistake to try and pressure Dimon. He is one of the best bankers in the world.
Without a doubt, without a fricking doubt. Dimon is a rockstar in every sense of the word. I doubt with the current regulatory environment and expected future environment that we will ever get a superstar bank CEO like Dimon for the distant future.
quote:
Our institutions are what separates us from the ROW. Chipping away at them does us no favors.
I wish more people knew this, but people would much rather believe emotional mongering, fragmented news stories than the basic idea of economies of scale. 99% of people that accuse banks of swindling citizens have zero clue how risk management works.
This post was edited on 8/20/13 at 9:09 am
Posted on 8/20/13 at 9:20 am to BennyAndTheInkJets
quote:+1
Without a doubt, without a fricking doubt. Dimon is a rockstar in every sense of the word. I doubt with the current regulatory environment and expected future environment that we will ever get a superstar bank CEO like Dimon for the distant future.
Obama & Co going after JPM is incredibly ironic, considering JPM's lead role in stemming the financial crisis.
I guess no good deed goes unpunished with these loons
Posted on 8/20/13 at 9:34 am to NC_Tigah
quote:I'm convinced part of the motivation is to squeeze fines out of JPM. The bank recently paid the FERC $410 million to settle the power market manipulation allegation, which JPM denied. California was the big winner getting the lion's share of the settlement. I've heard California is having budget problems. Coincidence?
Obama & Co going after JPM is incredibly ironic, considering JPM's lead role in stemming the financial crisis.
I guess no good deed goes unpunished with these loons
Now the U.S. Dept of Justice is going after the bank for the same allegation, looking for its share of the pie. The case is being investigated by U.S. Attorney Preet Bharara in Manhattan.
Posted on 8/20/13 at 9:40 am to LSURussian
quote:
Now the U.S. Dept of Justice is going after the bank for the same allegation, looking for its share of the pie. The case is being investigated by U.S. Attorney Preet Bharara in Manhattan.
Give the government an inch, they take your whole dick
Posted on 8/20/13 at 9:43 am to Vols&Shaft83
quote:Unfortunately in my case, those are not mutually exclusive....
Give the government an inch, they take your whole dick
Posted on 8/20/13 at 9:44 am to LSURussian
Posted on 8/20/13 at 9:50 am to LSURussian
quote:
Unfortunately in my case, those are not mutually exclusive....
Posted on 8/20/13 at 9:59 am to LSURussian
quote:
I'm convinced part of the motivation is to squeeze fines out of JPM.
The current redistribution of wealth idea is so ironic, considering where the majority of philanthropy comes from. I understand the wealth effect and money velocity's effect on the aggregate population, but these actions do nothing to promote the wealth effect. I'm going to stop short here from turning this into a Poli board thread, but people will always do what they believe is in their best interest, that is a constant. Criticizing corporations for taking advantage of tax loopholes or favorable overseas tax havens is like criticizing someone for buying food at WalMart when its half the price of the local grocery store.
quote:
LSURussian
This post was edited on 8/20/13 at 10:00 am
Posted on 8/20/13 at 10:13 am to BennyAndTheInkJets
quote:
Criticizing corporations for taking advantage of tax loopholes or favorable overseas tax havens is like criticizing someone for buying food at WalMart when its half the price of the local grocery store.
Too long to sig, Posted on 8/20/13 at 10:52 am to BennyAndTheInkJets
quote:
Criticizing corporations for taking advantage of tax loopholes or favorable overseas tax havens is like criticizing someone for buying food at WalMart when its half the price of the local grocery store.
Great points in this thread all around, I agree that they shouldnt, but just wanted to see what you all thought.
Posted on 8/20/13 at 7:21 pm to LSURussian
quote:
Now the U.S. Dept of Justice is going after the bank for the same allegation, looking for its share of the pie. The case is being investigated by U.S. Attorney Preet Bharara in Manhattan.
Yes, but this new investigation is CRIMINAL not Civil. Administration acting like they are playing hardball. I wonder if that big meeting today in the WH with the financial leaders turns into some sort of come to jeezuz. Would love to have been a fly on the wall.
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